Millsaps Jackson
Bailout Nets Millions For Mississippi Banks
The Federal Reserve has been criticized for its lack of transparency, so now the law is catching up. A recent report information which banks took bailout funds, and how much, reports the Associated Press. In areas like Mississippi, where big money is more visible, banks took bailout money to the tune of numerous millions, according to the Mississippi newspaper The Dispatch. Article source – Multiple Mississippi banks took bailout money, says Fed by MoneyBlogNewz.
Lehman collapse causes more short term loans to come from the Fed
In Sept 2008, the Federal Reserve started to make a change as the Lehman Brothers disintegrated. Banks got short term loans for ridiculous prices. With over 21,000 transactions within the nation, trillions of dollars ended up getting pumped to the financial system. Foreign central banks, financial corporations and banks all got United States taxpayer dollars. These taxpayers didn’t even realize it. Credit didn’t totally dry up although there wasn’t much that did happen with the credit market. The Federal Reserve loans that were short term didn’t do much.
Giving a handout to a Mississippi bank
Numerous Mississippi banks were named by the Federal Reserve reports the AP. Tupelo-based BancorpSouth, which is the largest bank depending within the state, with $13.6 billion in assets, received eight short term loans – also known as Term Auction Facility (TAF) loans – from the Fed that ranged from $50 million to $300 million. Trustmark National Bank ($9.4 billion in assets) of Jackson, Miss., received short term loans by the dozen, ranging from $50 million to $150 million. Then there’s the Senatobia, Miss., Sycamore Bank. The Federal Reserve gave it one $5 million short term loan.
Stay worry free in Mississippi if you’re a banking customer
Don’t worry about pulling out your funds if you are a banker in Mississippi, according to the dean of Else School of Management at Millsaps College in Jackson, Miss., Howard McMillian. The Federal Reserve assures that all short term loans given to Mississippi banks were backed by collateral and paid in full plus interest.
“(The TAF program) was created to meet some short-term liquidity needs, and it had nothing to do with a shortage of capital reserve or anything like that,” said McMillan to the AP. “There’s really no cause for concern.”
Citations
CDispatch
cdispatch.com/news/article.asp?aid=9164
Miracle in Mississippi – Trinity 28, Millsaps 24 10-27-2007
|
|
Mississippi, Jackson – Millsaps College, Murrah Hall $4.00 |
|
|
Mississippi, Jackson – Millsaps College Student Union $1.50 |
|
|
c1950s Murrah Hall Millsaps College Jackson MS postcard cars! $3.95 |
|
|
JACKSON MS MISSISSIPPI MILLSAPS COLLEGe MURRAH HALL CARs Miss $4.49 |
|
|
Millsaps College Murrah Hall Jackson Mississippi PC $6.95 |
|
|
Student Union Building Millsaps College Jackson MS PC $4.10 |
|
|
Jackson MS Millsaps College Old Cars Postcard $6.50 |
|
|
1960s Student Union Building, Millsaps College, Jackson, Mississippi $4.50 |
|
|
MS Jackson 50′s MURRAH HALL Millsaps College ADMIN BLDG $8.79 |
|
|
MS vintage post card Millsaps College in Jackson Student Union Bldg ## $3.99 |
|
|
MS JACKSON MILLSAPS COLLEGE STUDENT UNION postcard $1.49 |
|
|
Millsaps Jackson, Mississippi Photo 1910 34″x9″Panorami $24.74 |
|
|
Millsaps Jackson, Mississippi MS Photo 1910 22″x6″ $13.49 |
|
|
c1910 Millsaps College, Jackson, Miss. 36 ” Pano $24.99 |
|
|
Millsaps College Christian Center Jackson Mississippi $10.00 |
|
|
Student Union Bldg Millsaps College Jackson MS Postcard $2.99 |
|
|
1947 Millsaps College Jackson Mississippi Bobashela $30.00 |
|
|
Student Union, People: Millsaps College, Jackson, MS. $4.50 |
|
|
Murrah Hall,Millsaps College-Jackson,Mississippi $2.19 |
|
|
Millsaps College Student Union Bldg Jackson Miss. PC $6.95 |
|
|
THE BOBASHELA (A Year Book)–1947–Millsaps College Jackson, Mississippi $19.95 |
|
|
THE BOBASHELA (A Year Book)–1948–Millsaps College Jackson, Mississippi $14.95 |
|
|
1950′s CARS JACKSON MISSISSIPPI MILLSAPS COLLEGE MURRAH $9.99 |
|
|
Millsaps College 2012 $4.99 “College guides written by students for students.Millsaps College Students Tell It Like It IsThis insider guide to Millsaps College in Jackson, MS, features more than 160 pages of in-depth information, including student reviews, rankings across 20 campus life topics, and insider tips from students on campus. Written by a student at Millsaps, this guidebook gives you the inside scoop on everything … |
|
|
Award recipients announced by Mississippi Humanities Council.(People to Watch)(Coahoma Community College ): An article from: Mississippi Business Journal $9.95 This digital document is an article from Mississippi Business Journal, published by Dolan Media Company on February 16, 2009. The length of the article is 323 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Award recipients announc… |
|
|
Millsaps Buie House: Love that’s lived in; the story of the Millsaps Buie House and the families who have cared for it throught it first century … |